This website is owned and maintained by Entrepreneur First Operations Limited and its affiliates  (“EF Group”, “EF”, “Entrepreneur First”, “us”, “we” or “our”). The services and information on this website are provided for clients or prospective clients of Entrepreneur First Investment Manager LLP and/or Entrepreneur First Operations Ltd as the case may be, including any associated branches or subsidiaries. By accessing this website here (“website”), you signify your unconditional agreement with and understanding of the following terms of use and legal information pertaining to both this website and any information provided on this website hereon (“Site Content”).


Entrepreneur First Investment Manager LLP (LLP No. OC397263) with registered office address at International House, 64 Nile Street, London, N1 7SR is authorised and regulated by the Financial Conduct Authority with FCA registration No. 807367 (“EFIM”). 

Entrepreneur First Operations Ltd is registered as a Limited company in England and Wales, registered number 09064488 (“EFOL”).

Where the site content discusses EF’s Programme offering these operations will be carried out by EFOL. Where the site content relates to investment or Investment Committee actions these operations will be carried out by EFIM. The FCA does not regulate the operation of the EF Programme by EFOL.

EFIM recommends reviewing this disclaimer on a regular basis for changes.

This communication is only intended for qualified investors who have the experience, knowledge and competence to make their own investment decisions and properly assess the risks involved. Access to this communication may be restricted by law in certain jurisdictions. Persons who come into possession of this communication are required to inform themselves about, and to observe, any such restrictions.

EFIM files as an exempt reporting adviser (“ERA”) with the U.S. Securities and Exchange Commission (“SEC”) pursuant to an exemption for advisers to venture capital funds. EFIM’s status as an ERA does not imply a certain level of skill or training. EFIM is not registered as an investment adviser with the SEC. Copies of the most recently filed Form ADV for EFIM and additional information about and ERAs is available through the Investment Adviser Public Disclosure at

EFIM does not act as an ‘independent financial adviser’ for the purposes of UK law and cannot be held responsible for any financial or other consequences resulting from the decision you may make on the basis of this Site Content. You should conduct your own risk analysis and consult your own legal, financial, tax, accounting or other professional advisors. Before investing in any product, an investor should fully understand the risks, including any market risk associated with the issuer, the financial merits and suitability of such products and consult with his or her own legal, tax, financial and accounting advisors before making an investment decision. Investing involves risk of loss, including risk of losing substantially all of your investment, which you should be prepared to bear.

The information provided on this website and Site Content is not intended as a recommendation to purchase, sell or hold any shares or security or suggest that you pursue any investment style or strategy. Under no circumstances should anything herein be construed as an offer to sell or solicitation of interest to purchase any securities, including any securities of EFIM or any entities managed or advised by EFIM or any securities of Entrepreneur First’s portfolio companies. Offers can only be made where lawful under, and in compliance with, applicable law. Further, no Site Content is or is intended as investment advice or financial advice (or an offer to provide such advice) by EFIM or Entrepreneur First. Nothing in the Site Content shall be reflective of the views or opinions held by EFIM in relation to the business or financial condition of any of its portfolio companies. The accuracy, completeness or relevance of some of the information provided is not guaranteed, although it has been compiled from sources believed to be reliable.

Under no circumstances should any information, data, opinion or material in the Site Content be interpreted as investment advice from EFIM, its directors, representatives or employees, and any such  information, data, opinions or materials shall have no legal effect, in particular of a contractual nature. All investors and potential investors are informed that they must obtain professional advice concerning the regulations and taxation applicable to transactions in financial instruments in their country of origin, residence or domicile.

EFIM does not pronounce on the future performances of an investment. Generally, investments in new businesses entail substantial risks and should not be intended as a complete investment program. It is highly speculative and potential investors should be aware that no established market exists for the trading of shares in private companies. Therefore, past performance cannot be taken as an indication of future performance. The value of the invested capital as well as the incomes resulting from it are subject to fluctuations which can lead to losses, even reducing the invested capital to zero. There can be no assurance that EFIM will achieve performance results in the future comparable to the performance presented in the Site Content. Any reference to particular investments or portfolio companies is intended only to illustrate an investment strategy, and is not necessarily indicative of the types of investments or portfolio companies that EFIM funds will actually invest in. The Site Content is intended to provide general information only and do not represent advice given by EFIM or Entrepreneur First. It is intended to make decisions easier but it cannot be a substitute for personal advice. Before making use of the content, potential investors should check carefully whether the information is suited to their needs and is compatible with specific objectives. Before investing in any company, potential investors are strongly advised to seek appropriate advice, including legal and tax advice, from persons authorised to provide such advice.

The information on this website is not intended for distribution to, or use by, any person or entity in any country or jurisdiction where such distribution or use would be contrary to law or regulation.

The Site Content on each company’s page is owned by the respective portfolio company listed (the “Demo Day Companies”) and not by EFIM. Each Demo Day Company is solely responsible for the information provided. EFIM has not verified the information and nothing contained herein shall constitute any representation or warranty by EFIM and no responsibility or liability is accepted by EFIM as to the accuracy or completeness of any information provided herein. Recipients of the information are advised to perform independent verification of the data and conduct their own analysis with appropriate advisors. Any prospective investor should consult his, her or its own advisors as to the legal, tax and economic implications of any investment opportunity and its suitability for such investor and Entrepreneur First accepts no responsibility for any loss which may arise from reliance on the Site Content.

Opinions and forecasts expressed are current opinions as of 5 April 2023 and will not be updated. The information provided in these materials is illustrative and no assurance can be provided that any of the future events referenced herein (including projected or estimated returns or performance results) will occur on the terms contemplated herein or at all. EFIM has no obligation to update the data and information on the website in the event of changed circumstances. Views, opinions and forecasts are subject to change without notice, are based on assumptions that may not come to pass and do not represent a recommendation or offer of any particular security, strategy, or investment. 

EFIM assumes no guarantee for the content of this website and the Site Content. EFIM assumes no liability, for direct or indirect damage, including loss of earnings, incurred in connection with the use of the information provided on this website. The same applies to the partial or complete inability to access or use, or any other difficulties in accessing or using, the Site Content. EFIM explicitly reserves the right to completely or partially modify, amend, delete or temporarily or permanently discontinue the website or individual sections thereof without separate notification.

The website and the Site Content and websites of other providers whose contents are not authorised or controlled by EFIM may contain hyperlinks. The contents of these third-party sites are not attributed to EFIM solely as a result of the publication of a hyperlink. Unless required by applicable law, EFIM has not verified this information and makes no representations as to its accuracy or completeness. EFIM is not aware if the contents of other websites are in breach of the applicable law. Any such breach would naturally result in the removal of the relevant hyperlink. Hyperlinks to this website or the inclusion or presentation of information on other websites are only permitted with the prior explicit consent of EFIM.

Additional information for German investors

This website and the Site Content is for information purposes only and does not constitute an offer of securities or shares in investment funds within the meaning of the German Capital Investment Code (Kapitalanlagegesetzbuch), nor investment brokerage (“Anlagevermittlung” pursuant to the terms of the German Banking Act (Kreditwesengesetz), nor a financial analysis within the meaning of the German Securities Trading Act (Wertpapierhandelsgesetz). It is aimed exclusively at professional and semi-professional investors and is not intended for private investors.

Additional information for French investors

This website and the Site Content are for information purposes only and does not constitute a public offer (offre publique de titres) pursuant to Article L.411-1 of the CMF or a financial investment advice as defined in article D321-1 of the CMF. It is aimed exclusively at qualified investors as defined in articles D411-1 to D411-4 of the CMF and is not intended for private investors.